Scholarships and Student Funding

Icelandic Loans

Loans from the Icelandic Student Loan Fund

The Icelandic Student Loan Fund offers student loans for tertiary education at institutions that make demands of the students comparable to those made regarding university studies in Iceland.

Courses of study qualify for loans if they are organised by an educational institution as full-time studies; 60 ECTS units of study in each academic year or at least 30 ECTS units each semester in cases where the course structure does not cover a complete academic year.


' ECTS' stands for 'European Credit Transfer and Accumulation System'.

60 ECTS = 120 University of Edinburgh credits.

Students may received a loan for a total of up to 5 years, subject to satisfactory progress. Students progressing to Postgraduate studies may be granted loans for a duration in excess of this up to a maximum of 10 years in total.

Loans can be obtained for living expenses and tuition fees.

Please contact the Icelandic Student Loan Fund directly for further details.

Icelandic Student Loan Fund

Contact details



Borgartuni 21
105 Reykjavik